NFT

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When NFT is used to obtain more liquid assets, we call this NFTFi. By combining DeFi and NFT, we can apply NFT to more scenarios, endowing it with the potential to develop practical applications.

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In 2022, NFT remains one of the most popular assets in the crypto market. NFT trading attracts the attention of users from a broad range of industries, even in a bear market. Although NFTs were often traded at a high price when the market was upward, this industry is thriving at present. In this article, we will review the ten most expensive NFT transactions since their genesis, and understand the crypto projects behind these transactions. In this article, we tracked NFT sales ranking and auction ranking, and made a list based on the final transaction price of each NFT. The transaction price is based on statistics on various websites over the years, and is given in USD converted from the cryptocurrency used in the transaction. As the price of the cryptocurrency will fluctuate, we use the USD price of the transaction or auction as a reference.

The NFT industry can look opaque, but there are tools that can help you understand the underlying data.

CC0 refers to the copyright owner who releases the copyright, allowing others to copy, modify, and distribute the work without permission. Nouns, CrypToadz, mfers, and goblintown.wtf are NFT projects of this kind.

In 2022, the NFT market has witnessed many changes. Yuga Labs was still leading the market and issued a new land type NFT - Otherdeed for Otherside in May. This project was also playing a leading role in the market. Other projects such as Moonbirds and Clonex also cut a conspicuous figure in different periods.

Starting from 2021, the NFT market has achieved explosive growth. Opeasea, a major trading platform, holds a safe lead in terms of its trading volume. However, latecomers Lookrare and X2Y2 who entered the market by listing their transaction mining service have won high returns in the short term, which have seized a certain market share. At the end of 2022, Blur listed its more user-friendly trading interface and expected airdrops, which has drawn users’ attention. It seems that the competition in the NFT trading market has just opened a new chapter.

NFT Market was extremely volatile in 2022, Blue-chip NFT collections and Blue-chip index have a strong correlation to the overall sentiment of the NFT market.

Ethereum NFT Market has increased by 77% in 2023, but still recovering from the crash in May 2022. We’ll analysis some data like Market Cap, Traders, Blue Chips trading volume, and introduce the trending project Sewer Pass

Explore the concept of Blue Chip NFTs, their characteristics, value, examples, and investing tips, along with associated risks.